Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. MetaWars, a space-themed play-to-earn blockchain game utilising high-tech NFTs, is looking forward to a very bright future following a successful token launch. The game, in which players will take the role of pilots in a futuristic, post-apocalyptic 50th century space war, will utilise special NFTs, its native token, as well as in-game currency in a rewarding ecosystem to command a fleet of mechs and conquer planets. After much hard work behind the scenes to develop the best tokenomics for their dynamic game architecture, as well as expert strategic execution from marketing partners, both $WARS and $GAM tokens are now in the hands of the project’s earliest user base. A Promising Start The MetaWars team indicated their thanks to their 82,000+ community and strong array of partners after a smooth and exciting start to their journey to become the best intergalactic GameFi product on the market. Impressively, the team has hit all its deadlines so far, with their pre-la

U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S. politicians are creating multi-trillion-dollar packages with money the government doesn’t have. The news of hotter than usual inflation caused stock markets to fall on Wednesday, and U.S. president Joe Biden said the White House is prioritizing “getting prices down.” Inflation: ‘The Predictable Outcome of Reckless Government Policies’ Inflation in the U.S. is running hot and after the media and Federal Reserve officials continued to say inflation would be “transitory” for the last 12 months, it clearly is not. Data from the U.S. Bureau of Labor Statistics’ consumer price index (CPI) indicates inflation is the highest it’s been in the country since the 1990s. The CPI is a basket of products and the A

Millions of customers dining at 500 restaurants across the U.S. will soon be able to earn bitcoin points, thanks to a partnership between restaurant giant Landry’s and New York Digital Investment Group (NYDIG). In addition, Landry’s said it will buy bitcoin for its treasury. “We view bitcoin as a good choice for a portion of our own treasury, so we want to offer that choice to our customers as well.” Earning Bitcoin Points While Eating at 500 Restaurants Restaurant giant Landry’s announced Tuesday a partnership with New York Digital Investment Group (NYDIG) “to power a bitcoin loyalty rewards program for the millions of customers in Landry’s loyalty program — Landry’s Select Club.” NYDIG is the bitcoin investment arm of Stone Ridge Asset Management. The announcement details: This partnership will allow Landry’s Select Club members to earn bitcoin points when dining at any of its 500 locations nationwide. “The Landry’s Select Club program currently offers one point back for ever

The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central Bank of Russia ( CBR ) takes very seriously cryptocurrencies and stablecoins as they pose risks to the financial stability of the country, the head of the monetary authority said during a conference organized by Bank of Finland’s Institute for Emerging Economies. Russia takes a cautious view on both of these types of private tokens, Elvira Nabiullina told the audience via a video call while also sharing the Russian perspective on central bank digital currencies ( CBDCs ). The entrance of cryptocurrencies and especially global stablecoins into emerging markets may increase currency subst

The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within the crypto ecosystem serves as a glaring reminder that cryptocurrencies and blockchain technology have outgrown their humble beginnings, gradually positioning themselves as challengers of brick and mortar finance’s existing hegemony. With the market capitalization of stablecoins expanding at an unprecedented rate , governments and financial regulators worldwide have started focusing on better regulating this rising asset class. By design, stablecoins are backed by “stable” assets that allow them to maintain a constant value relative to the underlying asset. Due to this feature, stablecoins are increasingly used to facilitate lending, borrowing, and trading other digital assets. The stablec

PRESS RELEASE. If You ever heard of CryptoPunks and always wanted to create an NFT yourself – now it’s Your time! Create 888 unique Martians! Collaboration of Mars4 and Sketchar announces exclusive Martians888 Art Contest. Open up your inner Leonardo da Vinci to create a one-of-a-kind Martian avatar. Best 888 Martian NFT avatars will form an exciting component of the Mars4 Metaverse – P2E gaming ecosystem where you can explore a geographically exact 3D virtual Mars, own and customize your land and even reap the rewards of the world’s first revenue-generating NFT! MARS4 Metaverse. Why should I get excited? Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property with MARS4 Tokens and even reap the rewards of the world’s first revenue-generating NFT! Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification, and Token Redistribution. The Mars4 project’s development team has modeled a detailed 3D map of Mars’ terra

Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British central bank that the rise of cryptocurrency is helping illegal activities. He was quoted as saying: The advent of digital means of payment, and in particular crypto assets, I’m afraid that the evidence suggests … that it is providing another means of payment for people who want to conduct criminal activity. Governor Bailey has warned about various aspects of cryptocurrency on several occasions. He said in May: “I’m skeptical about crypto-assets, frankly, because they’re dangerous and there’s a huge enthusiasm out there.” He also stated that cryptocurrencies “have no intrinsic value.” However, the Bank of England gover

Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) over XRP , Ripple is launching a new product, Liquidity Hub, which aims to be “a one-stop shop for enterprises to source any tokenized asset.” The product “will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, exchanges, OTC desks and in the future decentralized venues,” the company detailed. Ripple Liquidity Hub Allows Customers to ‘Seamlessly Access Crypto Assets From a Variety of Global Venues’ Ripple announced Tuesday that it is launching a new product called “Ripple Liquidity Hub.” The announcement explains: Ripple Liquidity Hub will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, exchanges, OTC desks and, in the future, decentralized venues. Asheesh Birla, general manager at Ripple, explained that the new product aims to be “a one-stop shop for enterprises to source any tokeni

The chief operating officer (COO) of Robinhood Crypto has provided an update on the company’s upcoming cryptocurrency wallet launch. The executive also discussed Robinhood’s listing strategy in response to the question of whether the platform will list shiba inu (SHIB) cryptocurrency. Robinhood Crypto’s COO Discusses Listing Strategy as Petition to List SHIB Gains More Supporters Christine Brown, Robinhood Crypto’s COO and VP of Product Operations, talked about her company’s crypto strategy at a conference Tuesday held by Yahoo Finance and Decrypt. She also provided an update on Robinhood’s upcoming crypto wallet launch. Replying to a question about whether Robinhood will list shiba inu (SHIB) and what the considerations are for adding the meme cryptocurrency, the Robinhood Crypto COO noted: “When it comes to our strategy of what we are going to list, the first thing is that we’re not going to talk about it. So I’m not going to break that news here, unfortunately.” She elaborated:

Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth $147 Million On Wednesday, November 10, 2021, a ‘forgotten’ stash of bitcoins that sat idle for eight years and four months woke up for the first time since the wallet’s creation. The action was caught by Btcparser.com and the massive whale spent 2,207 bitcoin worth well over $147 million. The original address was first created on July 10, 2013, and it contained approximately 2,207.60 BTC which was split into two addresses. The first output sent 300 BTC while the second output sent 1,907.5997 BTC and the rest of the funds were used for network fees. The privacy of the transaction from 2013 got a score of 45 (low privacy) on Blockcha

PRESS RELEASE. Charity donation project MUNCH announces the ground-breaking milestone of donating over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project. MUNCH is a Defi project that incorporates automatic donations into financial transactions. 3% of every MUNCH transaction is diverted, automatically converted to ETH , and then routed to a community-chosen and verified charity. It requires no action or decision making and gives people autonomy over their investments. MUNCH converts donations at the point of the transaction and sends it directly to the charity’s wallet address. This means that donations do not destabilize the token’s value and the charities can either store the ETH which has a relatively stable value or choose to auto-convert directly to FIAT as soon as they receive the donations. Utilizing blockchain technology creates a system of automated, trustless donations, MUNCH has just celebrated the tremendous mile

The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset tether ( USDT ) has announced the launch of USDT on Avalanche (AVAX). The crypto exchange Bitfinex has also revealed it will support Avalanche-native USDT tokens on the exchange. Avalanche (AVAX) is a smart contract platform that is both compatible and a competitor of the blockchain protocol Ethereum ( ETH ). “Tether’s token’s launch on Avalanche will aim to support the long-term growth and sustainability of the Avalanche network while driving stablecoin usage across the defi ecosystem,” the company explained on Wednesday. “ USDT on Avalanche is an essential building block for DeFi users,” Emin Gün Sirer,

On November 9, the two-time Grammy-nominated producer and DJ, Steve Aoki, announced a new partnership with the popular comic book artist and Spawn creator Todd McFarlane. The two plan to launch a non-fungible token (NFT) marketplace that leverages the Solana blockchain. The NFT marketplace will be called Odd Key and Aoki and McFarlane aim to launch the platform on November, 18. Grammy-Nominated DJ and Spawn Creator to Launch NFT Marketplace Called Odd Key Next week on November 18, the DJ Steve Aoki and comic book artist Todd McFarlane will be launching an NFT marketplace “designed to empower creators to showcase and sell authenticated digital art.” The launch announcement sent to Bitcoin.com News explains that the new NFT marketplace will be named Odd Key and one of the first drops on the platform will be McFarlane’s notorious “Spawn #1” from 1992. That was the year McFarlane helped form the firm Image Comics and the Canadian comic book creator’s first issue of Spawn sold close to

154 days ago, a mystery bitcoin mining entity spent a string of 20 block rewards from 2010 that sat idle for well over a decade. Our newsdesk has been investigating this bitcoin whale’s actions since catching the entity in 2020. Now after the June 9th appearance, on November 10, the mystery whale returned once again to spend another 1,000 bitcoin stemming from 20 block rewards mined more than ten years ago. 1,000 ‘Sleeping Bitcoins’ Worth $68 Million From 2010 Wake After a Decade of Hibernation Last year, following the market carnage on March 12, 2020, otherwise known as ‘Black Thursday,’ Bitcoin.com News discovered a large whale spending 20 consecutive block rewards in a row stemming from blocks mined way back in 2010. From here, similar to Herman Melville’s Captain Ahab, our investigation led our newsdesk to discover a myriad of whale sightings, as large quantities of 2010 bitcoin (BTC) block reward strings were spent in 2020 and 2021 as well. According to our timeline, the enti

Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues to crack down on unlicensed crypto mining operations. The state-owned Iran Power Generation, Distribution and Transmission Company, Tavanir , has confiscated 227 mining rigs last week. Its employees found the devices in 14 illegal cryptocurrency farms set up by households in different parts of the country. The mining machines were found in homes during inspections carried out by Tavanir, the utility announced, quoted by Ibena news agency and the English-language business daily Financial Tribune. The coin minting facilities were discovered in the provinces of Tehran, East Azerbaijan, Isfahan, and Khuzestan,

Non-fungible tokens (NFTs) are a unique data unit contained within a digital ledger and cannot be interchanged. They are used as a representation of items that can be reproduced easily like artwork, images, videos, and audio files, among other digital files. NFTs are unique in their own way, using the blockchain technology in building a verified and accessible certificate of ownership. Happy Hippos are a class of AI-generated NFTs randomly produced via a programmed mechanism and base on based on the Ethereum blockchain. The Hippos have been developed from more than one million varieties to sample a first generation collection of 8888 Hippos. About the Hippos The Hippos are found in Africa where they are Happy and co-exist in Harmony. Nonetheless, as this class of Hippos is fast a threatened species fast going extinct, they await to be adopted by willing individuals. While the Hippos are generally wonderful to own, they each stand out for their own physical appearance. The best o

Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In a memo to its staff seen by Bitcoin.com News, one of Nigeria’s leading banks, FCMB, warns its employees against aiding cryptocurrency traders. The bank reveals that any account that is found to be in violation of the CBN directive will be closed. In addition, FCMB said employees that willfully fail to disclose the existence of an account that is involved in cryptocurrency trading will also be punished. According to the memo, all FCMB employees are now expected to be involved in the monitoring of accounts, transactions, and customers in order to ensure the bank is fully complying with the CBN directive. Meanwhile, in order to help employees easily identify accounts that are used by cryptocurrency traders, FCMB has produced and shared a list of 20 red flags to look out for. Some of these re